If there is a change in the U.S. endowment of factors of production, then there would be Select one: a. shifts in just SRAS.b. a shift in just LRAS.c. a movement along the SRAS curve.d. a shift in both LRAS and SRAS. An increase in the price of electricity, ceteris paribus, indicates that Select one: a. electricity is relatively more scarce than it was before. b. inflation is increasing. c. the purchasing power of money is decreasing. d. the purchasing power of money is increasing.
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